Paul,I thoroughly enjoy it as well; however, it takes a complex understand of more than just one component or area to understand how they all interact together.

2) Appreciation: your management team will exercise the value add component & spruce up the units on natural turnover.

The ones that will have difficulty getting away from an in person component are the professional based degrees like nursing that require a preceptorship or work based hours to graduate.

This deal would need to have a huge value-add component to make sense.

It's new and I'm still learning how to utilize all its components (it has phone, text, email capabilities, calendar, and CRM in one!)

Selling 2 and buying one larger piece of investment real estate is the same thing with one added component.

So size is not the only component to the equation.When getting a loan the larger apartment buildings you can lock in longer term debt for retirement versus a 5 to 7 year commercial loan from a local bank.The books are generally better to evaluate on larger buildings versus an owner operator of 20 units or under.

It is just as important to make sure your cost of repairs are accurate and you don't forget to check on some of the big items like the foundation, mold in the attic, structural components.

Many landlords, including myself, have in their lease that its a requirement of the tenants to get insurance coverage on all major components in the house, such as the boiler, hot water heater, range, dishwasher, washer & dryer, etc.

The primary component of returns for SFRs is usually driven by appreciation because you are competing with owner-occupant's bid prices for the asset.